The Chinese company China National Chemical Corporation (ChemChina) is seeking to list its subsidiary KraussMaffei, Munich, Germany, on a stock exchange in China. To this end, KraussMaffei is to be brought into the Qingdao Tianhua Institute of Chemistry Engineering Co. Ltd, which is listed on the Shanghai stock exchange and a subsidiary of ChemChina, by way of injecting its equity interest into an existing listed company under ChemChina.In addition, it is planned to integrate amongst others three sites for the production of tires and rubber facilities from ChemChina into the listed entity. The transaction is subject to approvals by relevant bodies and regulators.